Question

Explain in brief objectives of W.T.O.

Answer 1

the following are the objectives of World Trade Organisation

1.raising standard of living and income promoting full employment expanding production and trade and optimum utilisation of world resources .

2.introduce the sustainable development a concept which envisages the development and environment can go together .

3.taking positive steps to ensure that developing countries especially the least developed one security better share in world trade .

4.promote trade flows by encouraging Nations to adopt non-discriminatory and predictable trade practices .

5.established procedures for solving trade dispute among members

Answer 2

WTO IN BRIEF. In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.